Tag: debt

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Biden Cartel Commentary Economy Harris Harris Cartel Links from other news sources.

Short and Sweet. Debt surpasses 35 trillion.

Short and Sweet. Debt surpasses 35 trillion. And of course, Harris has been there for this rise and she supported Biden. Remember that every 100 days the debt rises by 1 trillion.

President Trump had that huge spending the year COVID hit. Joe Biden had three vaccines that he said would save us all. What we got was a million COVID deaths and about 8 trillion in new debt.

Last year, the national debt was $32.65 trillion, an increase of $2.35 trillion year over year, a 7% increase. This equates to:

  • $196 billion in new debt per month.
  • $6.4 billion in new debt per day.
  • $268 million in new debt per hour.
  • $4.5 million in new debt per minute.
  • $74,401 in new debt per second.

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Biden Pandemic Economy Opinion Politics

So President Trump added 7 trillion to the debt. The U.S. budget deficit is expected to reach $3 trillion again this year, according to the Congressional Budget Office, a 33% increase from its previous projection as it takes into account President Biden’s massive coronavirus stimulus plan.

WASHINGTON, D.C. – AUGUST 18: Joe Biden pauses as he delivers remarks on the COVID-19 response and the vaccination program in the East Room of the White House on August 18, 2021 in Washington, D.C. (Anna Moneymaker/Getty Images)

So President Trump added 7 trillion to the debt. The U.S. budget deficit is expected to reach $3 trillion  this year, according to the Congressional Budget Office, a 33% increase from its previous projection as it takes into account President Biden’s massive coronavirus stimulus plan. And that’s not counting the 5 trillion if Bidens two plans pass. But what about the Trump 7 trillion?

Fact Check.org a liberal fact checker says that Trump inherited almost 600 billion from Obama. And they say that 2.7 trillion were the tax cuts. That means over 3 trillion went to cover the COVID Pandemic.  Pandemic spending that almost every single Democrat voted for.

When Obama added almost 10 trillion, there was no outcry from the left. Why was that? The deficit for the first half of the budget year, from October through March, was up from $743.5 billion in the year-ago period, to 1.7 trillion this year the Treasury Department said in April.